Rectitude Holdings vs Tandy Leather Factory
Tandy Leather Factory is the larger business, with $76.3m of revenue in fiscal 2025 against $39.8m for Rectitude Holdings (1.9 times as much). Rectitude Holdings grew faster (21.5% against 2.6%). Tandy Leather Factory kept more of each dollar of sales as profit: a net margin of 11.9% against 7.0%.
| Latest fiscal year | Rectitude HoldingsRECT, 2026 | Tandy Leather FactoryTLF, 2025 |
|---|---|---|
| Revenue | $39.8m | $76.3m |
| Revenue growth | 21.5% | 2.6% |
| Net income | $2.8m | $9.1m |
| Operating margin | 8.3% | — |
| Net margin | 7.0% | 11.9% |
| Return on equity | 13.9% | 16.6% |
| Free cash flow | −$1.8m | −$8.1m |
| Cash | $4.7m | $16.1m |
| Total debt | $3.1m | $0 |
| Debt to equity | 14.3% | — |
| Dividend per share | — | — |
| Dividend yield | — | 33.1% |
| Share buybacks | — | $1.4m |
| Employees | — | 538 |
| Market value | $18.3m | $19.3m |
| Price vs our value range | Within our value range | — |
| Moat score | — | 44 (Weak) |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 0 sales |